The Federation of Small Businesses has released research stating that around one-third of all small and medium-sized business in the UK are completely unprepared for the GDPR (General Data Protection Regulation) that is due to come into effect on the 25th May 2018.
The survey suggests that in terms of IT infrastructural changes and updates to business practice, these businesses are nowhere near ready to comply with the regulations. It further suggests that 35 per cent of all businesses asked had started processes to get ready for the changes but hadn’t yet completed those significant changes to policy and process that are required.
It is thought that many businesses are putting off the inevitable changes due to a range of factors, including the associated costs of the specific changes required, the complications of understanding all the relevant changes, and other pressures and costs related to running a business.
The costs of data protection is likely to increase under the new GDPR, and with that will also come the potential for many small businesses to suffer under the tide of many individual requests for information access, which is possible for all companies that hold information. It is difficult for some small business owners to comprehend exactly what they need to do to comply, and raise the extra funds to complete those processes in an effective and efficient manner.
The ICO (Information Commissioner’s Office) is the place where small and medium-sized businesses can go to ask questions about the processes required and for other guidance related to GDPR. The changes in data protection regulations are the biggest and most comprehensive in decades in the UK, and although the stresses and strains are taking a toll on some businesses at this time, the longer-term outlook is one where consumers and citizens are looked after much more effectively when it comes to data held about them.
Here at Keepoint we are doing everything that we can to not only prepare ourselves for the upcoming GDPR changes, but also to help our customers achieve the clarity that they need during this transition. If you would like to speak to us about this, or you have other queries regarding our services, please feel free to contact our friendly customer service team.